Dollar gains after ADP says fewer jobs lost

DeborahLevine

NEW YORK (MarketWatch) - The U.S. dollar recovered from earlier versus the Japanese yen and British pound on Wednesday, but remained lower versus the euro, after the ADP employment index said private-sector employment fell by 491,000 jobs in April, less than some analysts were bracing for. The dollar rose 0.1%% to 99.06 yen, while the euro stayed higher by 0.3% to $1.3355. The British pound bought $1.5061, after being up about 0.4% earlier. The dollar index
DXY, +0.59%
a measure of the greenback against a basket of currencies, traded at 83.968, down slightly from Tuesday. ADP's March number was revised to show fewer job losses that month. The index comes two days before the government releases its estimate of April nonfarm payrolls.

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